News Archives - Insurance Journal

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1 08, 2023

Crews Battling ‘Fire Whirls’ in California’s Mojave Desert

By | August 1st, 2023|Uncategorized|Comments Off on Crews Battling ‘Fire Whirls’ in California’s Mojave Desert

Crews battled “fire whirls” in California’s Mojave National Preserve as a massive wildfire crossed into Nevada amid dangerously high temperatures and raging winds. The York Fire was mapped at roughly 120 square miles on Monday night, with no containment. The …

1 08, 2023

Musk’s X Sues Nonprofit That Fights Hate-Speech

By | August 1st, 2023|Uncategorized|Comments Off on Musk’s X Sues Nonprofit That Fights Hate-Speech

Social media platform X, formerly known as Twitter, on Monday sued a nonprofit that fights hate speech and disinformation, accusing it of asserting false claims and encouraging advertisers to pause investment on the platform. U.S. media reported earlier that Elon …

1 08, 2023

NHTSA Opens Probe Into 280,000 New Tesla Vehicles Over Steering Issue

By | August 1st, 2023|Uncategorized|Comments Off on NHTSA Opens Probe Into 280,000 New Tesla Vehicles Over Steering Issue

U.S. auto safety regulators said Tuesday they have opened an investigation into 280,000 new Tesla Model 3 and Model Y vehicles over reports of loss of steering control and power steering. The National Highway Traffic Safety Administration (NHTSA) opened a …

1 08, 2023

Inmate Sues Private Kansas Prison Operators Over His 2021 Stabbing

By | August 1st, 2023|Uncategorized|Comments Off on Inmate Sues Private Kansas Prison Operators Over His 2021 Stabbing

LEAVENWORTH, Kan. (AP) – An inmate is suing one of the nation`s largest private prison operators over his 2021 stabbing inside a now-defunct maximum security federal facility in Kansas. Joshua Braddy, who is now incarcerated in Illinois, amended his suit …

1 08, 2023

PCF Insurance Services Secures $400M Financing as Part of New Loan

By | August 1st, 2023|Uncategorized|Comments Off on PCF Insurance Services Secures $400M Financing as Part of New Loan

PCF Insurance Services said today that it closed $400 million in incremental debt financing led by Blue Owl, a global alternative asset manager that acted as lead arranger and admin agent. The financing was upsized from $300 million to $400 …

1 08, 2023

People Moves: Marsh Promotes Duca to Global Head of Credit Specialties; Howden Names Agarwal CEO, Howden India, as Vashista Becomes Chairman

By | August 1st, 2023|Uncategorized|Comments Off on People Moves: Marsh Promotes Duca to Global Head of Credit Specialties; Howden Names Agarwal CEO, Howden India, as Vashista Becomes Chairman

This edition of International People Moves details appointments at Marsh and Howden. A summary of these new hires follows here. Marsh Promotes Duca to Global Head of Credit Specialties Marsh, the insurance broker and risk adviser, announced the appointment of …

1 08, 2023

Swedish Mining Firm Exempted From Paying Compensation for Toxic Spill in Spain in ’98

By | August 1st, 2023|Uncategorized|Comments Off on Swedish Mining Firm Exempted From Paying Compensation for Toxic Spill in Spain in ’98

A Spanish court on Friday exempted a Swedish mining firm from paying 89 million euros ($98 million) in compensation for the cleaning of a toxic sludge spill that occurred in 1998 at a heavy metals mine in southern Spain. The …

31 07, 2023

Three Killed When Small Plane Hits Hangar at California Airport

By | July 31st, 2023|Uncategorized|Comments Off on Three Killed When Small Plane Hits Hangar at California Airport

A pilot and two passengers were killed Sunday when a single-engine plane crashed into a hangar and burst into flames at a Southern California airport, authorities said. The Beechcraft P35 with three people on board crashed during departure around 6: …

1 08, 2023

California Workers’ Independent Medical Review Volume Rose in First Half of 2023

By | August 1st, 2023|Uncategorized|Comments Off on California Workers’ Independent Medical Review Volume Rose in First Half of 2023

A review of the Independent Medical Review process used to resolve California workers’ compensation medical disputes shows the number of IMR decision letters rose 4.1% in the first six months of 2023 compared to the first half of 2022 after …

1 08, 2023

Syracuse Catholic Diocese Settles $100 Million in Sexual Abuse Claims

By | August 1st, 2023|Uncategorized|Comments Off on Syracuse Catholic Diocese Settles $100 Million in Sexual Abuse Claims

The Roman Catholic Diocese of Syracuse on Thursday announced a $100 million settlement with people who say they were sexual abuse victims as part of its bankruptcy proceedings. Catholic dioceses around the state are dealing with a surge of lawsuits …